Terawatt ICO Review – A DOA For Growing LED Lighting Adoption

The stated goal of the Terawatt project is to help “Global LED Adoption Through Blockchain Technology”.

It will do this by creating a Decentralized Autonomous Organization to be funded and used by major utility companies and energy customers all over the world.

This will help to improve LED sales and, therefore, to lower greenhouse gas emissions in the long term.

The pre-sale of tokens is underway at the time of writing. The main ICO sale of tokens is planned for September 15 to October 28, 2018.

We can see what this ICO is all about by looking at the details contained on the Terawatt site and White Paper.

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The idea that inspired the Terawatt platform is that accelerating LED adoption will help the planet and solve a real-world problem.

They believe that many people understand that moving to LED lighting would be good, but that a lack of funding is slowing down adoption rates. They want to make it easier for people to adopt LED lighting.

At the heart of the platform is a DAO that uses Ethereum smart contracts. This will allow the token holders to decide on the future of the company.

Project Use Case

The White Paper that has been written to support the Terawatt ICO details the problems currently associated with home and business lighting in the world.

It then goes on to explain how LED lighting can help, and how this industry has grown greatly in recent years.

While there are no specific use cases included, we can see how they intend their DAO to be a bank or pool of funding. This will encourage power companies, businesses, and customers to help each other, in order to keep LED lighting affordable and available at all times.

Terawatt Team Overview

On the Terawatt site they have listed a team of 13 people, including Advisors.

The CEO is Evan William. He studied in New Jersey and has a career that has seen him work in a number of different companies in various sectors, according to his LinkedIn profile.

The COO is Morris H Layton III. Jerome Raymond is their CTO and Hase Takujira is listed as Advisor / Developer.

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